![]() ![]() This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. It will help procurement to explain to senior business management on price developments, and it will help senior management get a better grip on areas which require key focus. The benchmark of company pricing against a market index will help to understanding price performance in a few ways. This will reduce business risk by diversifying exposure to single feedstock sources and the early warning on potential price increases will reduce business risk ![]() This leading indicator will enable an early start to condition sales teams and customers for potential price increases, as well as build the business case.īenchmarks based on critical feedstocks enable a greater insight of exposure to feedstock shortages, supply risk, market collusion and price surges. This leading indicator gives opportunity to alter planning parameters to increase or reduce inventory.Īn established benchmark price index based on critical feedstocks or other cost drivers will give advanced warning of potential price decreases and increases. ![]() Over time, the increased transparency of benchmark price indexes will lead to increased awareness of potential for price decreases and a stronger position to push for price decreases.Īn established benchmark price index based on critical feedstocks or other cost drivers will give advanced warning of potential price decreases and increases. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |